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Job Description
- Treasury coverage for MEA oversight countries: Working closely with Treasury Center of Excellence (CoE) Head to implement Group Treasury strategy and supporting in the proper application of group directives and guidelines. Initiating, following up and executing initiatives to improve Treasury processes as per MEA Treasury CoE priorities and guidelines.
- MEA Treasury CoE responsibilities: Identifying processes with potential for harmonization and improvement. Ongoing review of treasury activities in MEA Countries to identify and define process for the shift of treasury activities to be executed from the CoE. In line with Group treasury strategy, identify and coordinating the move of transactional treasury activities to the GBS. Having operational and transactional treasury responsibilities across MEA countries.
- Risk management: Reviewing and identifying the financial risks relating to Treasury and impacting countries in scope. Designing the appropriate risk mitigation strategies. Reviewing risk management policies to confirm it is in line with Group Instructions, with the aim to protect adverse impact on the company's results and to support the business achieving their targets.
- Funding: Reviewing and evaluating fund requirements in legal entities in MEA, supporting capitalization activities and arranging GTO loans and 3rd party finance.
- Process improvement: Driving continuous initiatives and process improvements in Treasury to keep abreast of the latest developments in this area. Enhancing the execution of all treasury activities and ensuring stream lined process in execution across operating entities in scope. Supporting in coordination/rollout of Group Treasury function initiatives and projects across the region.
- Relationship with financial institutions: Assisting in the formulation of financial strategies and negotiating financial agreements with financial institutions. While ensuring solid and sustainable relationships across financial institutions and compliant with local market regulations and ABB group directives.
- Business partnering/Advisory: Acting as a business partner to all relevant counterparts in finance and business community within the organization. Working closely with the Business Units to ensure all related risks are mitigated. Providing treasury advisory/trainings in most efficient manner and ensuring proper knowledge is communicated.
- Export and Trade Finance: Preparing presentations to be shared with Export credit Agencies (ECAs), banks and financial institutions related to Customer Finance Opportunities in the MEA region. Developing finance solutions to ABB customers, involved in all aspects from back ground and credit check on Customers, comparing cashflows with payment obligations, clearly identifying repayment and collection risks related to projects and possible risk mitigates.
- Internal control/compliance: Supporting in review and implementation an effective internal controls environment.
- Safety and Integrity: Living ABB’s core values of safety and integrity, which means taking responsibility for your own actions while caring for your colleagues and the business.
Job Requirements
- A bachelor’s degree in finance/Accounting/Economics. MBA/CFA is a plus.
- 5-7 years of experience in corporate treasury.
- Good knowledge of financial instruments and markets, including funding, cash management and derivatives.
- Knowledge in various funding programs such as the Chinese Belt and Road initiative.
- Sound understanding of accounting, controlling and tax.
- Willing to travel.
- Proficiency in both spoken & written English language is required.
